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Collectors spend $280,000 in Ethereum fees to mint 28,000 Coin | NFT gems

Collectors spend $280,000 in Ethereum fees to mint 28,000 Coinbase NFTs

Crypto fans have cumulatively spent $280,000 in transaction fees to mint more than 28,000 Coinbase NFTs on Ethereum. The NFTs were available to be minted for free for those who wanted to mark the testnet launch of Coinbase's Layer 2 network, Base. Coinbase introduced Base today as a Layer 2 network set to run on top of the Ethereum mainnet. It's built on Optimism's OP Stack and will be part of its "Superchain" — a name given to the Layer 2 networks built on the OP Stack that are compatible with each other. To mark the network's launch, Coinbase created a free mint NFT. The NFTs can be minted for four days following the announcement and are on the Ethereum mainnet. They appear to be identical and show a blue circle.

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